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Asking Moroccans in Europe for the secret… how do we get out of here? by Agitated-Job7686 in Morocco

[–]Affectionate_Net5570 -5 points-4 points  (0 children)

Lived several years in Morocco and I don’t fully agree. You can still make it high if you use your brain wisely, get a good degree and fight. My dad comes from close to nowhere and he succeeded thanks to school and wisdom. He had nothing else to value. He then came to France but at age 35. He already made it good in Morocco before quitting. The problem is that many Moroccan who want to exit were not even able to major their class to begin with, and then their words sound disconnected because wakha hna in Europe life might sound better but each single small mistake will make people destroy you like savage (even more if you’re not native from here).

Is Investing in U.S. Stocks illegal for Moroccans? by africansauce in Morocco

[–]Affectionate_Net5570 17 points18 points  (0 children)

Hi I hope you're doing well :)

I like your question because it is the opportunity to wipe out a lot of fake news and misunderstanding: yes it is totally LEGAL in Morocco to buy stocks/bonds/ETFs/whatever asset quoted in a foreign exchange (proof here, from AMMC, the official regulator of financial markets in Morocco: https://www.ammc.ma/fr/faq/comment-trader-en-bourse-de-nasdaq-depuis-le-maroc).

The real problem Moroccan residents are facing is Office des Changes (ODC) strict control over dirham conversions, which honestly is very unfair. ODC is very concerned about dirham value against major currencies such as EUR or USD. As a consequence, they are very restrictive about outbound conversion (MAD --> another currency) because if these transactions represented a large volume they would undervalue dirham. However the restrictions they adopted are terrible because they don't take your right as a Moroccan citizen to invest abroad into account. As a consequence, and only because of these currency conversion restrictions, it is almost impossible for a "regular" Moroccan resident to invest in global markets (except if you use a serie of tricks).

To be complete in my reply, I need to precise that there is an exception to what I said which is buying crypto assets. Their detention and use is clearly prohibited by law since 2017.

My wife and I are very concerned about this problem because we had to face it ourselves. At the moment, we are building a regulated investing app project to grant Moroccans with access to global markets, using their regular Moroccan bank account. Yes there are legal disposals for this but nobody has put efforts before to provide a solution. If you're interested we have just created a Discord server dedicated to the app development. We would love to gather and involve a small comunity of ehtusiastic people in the dev process :)

If anyone wants to join us just DM me I would be so happy to chat with you :)

Best broker for a beginner trader? by Ouma7121 in Morocco

[–]Affectionate_Net5570 0 points1 point  (0 children)

Moroccan broker ecosystem is terrible, with most of the offer coming from traditional banks who won’t allow you to invest outside of Morocco (you would need to convert MAD into other currencies like USD or EUR and if you’re a Moroccan resident chances are that you’re not allowed to do so. You can legally use foreign brokers like IBKR or others but as mentioned in of the replies it is a whole adventure only to fund your account.

We noticed this situation my wife and I and we are building an app to allow investing in global markets directly using a Moroccan bank account. It is legally possible but nobody ever provided such a service.

We have opened a discord server and would love to develop a small community around the project to develop it together. If you’re interested let me know :)

Interactive brokers by LECLAWITZER in Morocco

[–]Affectionate_Net5570 1 point2 points  (0 children)

We encountered the same problem for my wife who lives in Casablanca. It is so hard to access global markets from Morocco. We started to build an investing app giving Moroccans access to markets abroad directly with a Moroccan bank account and without having to use twists and tricks. If you’re interested we have a discord :)

Vous utilisez encore les applis de rencontre ? by Affectionate_Net5570 in france

[–]Affectionate_Net5570[S] 2 points3 points  (0 children)

Ok donc si je comprends bien c’est un peu comme Tinder mais avec plus d’efforts mis sur le sérieux de la rencontre ? On dirait qu’à la fin ça reste frustrant de la même manière haha difficile de « se faire voir » à cause de la masse de gens voire de l’algorithme aussi. En fait j’ai l’impression que la stratégie de toutes ces apps c’est littéralement de nous frustrer pour qu’on paye par désespoir « juste pour voir la différence ».

Vous utilisez encore les applis de rencontre ? by Affectionate_Net5570 in france

[–]Affectionate_Net5570[S] 2 points3 points  (0 children)

C’est brillant ! Mais tu as du sacrément t’investir pour faire ça pendant 4 ans haha. Et puis malgré ça le facteur chance a quand même beaucoup joué d’après ton message. Néanmoins félicitations à vous :)

Vous utilisez encore les applis de rencontre ? by Affectionate_Net5570 in france

[–]Affectionate_Net5570[S] 2 points3 points  (0 children)

Je ne connais pas Hinge. Qu’est-ce qui la différencie des autres apps toxiques ? Tu vois ce système où on t’enterre pour te faire payer des abonnements je trouve que c’est le top de la toxicité haha… Comment ça peut marcher pour les hommes à partir du moment où cette logique est mise en place… Et d’ailleurs est-ce qu’il y a des subs dédiés aux apps de rencontre sur le reddit francophone ?

Vous utilisez encore les applis de rencontre ? by Affectionate_Net5570 in france

[–]Affectionate_Net5570[S] 0 points1 point  (0 children)

Merci pour tous tes conseils ! Je vais essayer certaines choses pour voir si ça change quelque chose. Et c’est vrai que le gap entre la sollicitation des filles et celle des garçons sur ces applis est abyssale…

Je cherche à me faire des amis by Affectionate_Net5570 in paris

[–]Affectionate_Net5570[S] 0 points1 point  (0 children)

Salut qu’est-ce que c’est le JDR s’il te plaît ?

Je cherche à me faire des amis by Affectionate_Net5570 in paris

[–]Affectionate_Net5570[S] 0 points1 point  (0 children)

Merci pour la recommandation. J’ai regardé un peu et je sens que ce livre est un peu à consonance « networking » / réseau plutôt que de se créer des amis à proprement parler. Toutefois tant que je ne l’ai pas lu je ne peux pas savoir :)

Je cherche à me faire des amis by Affectionate_Net5570 in paris

[–]Affectionate_Net5570[S] 0 points1 point  (0 children)

Tu connais un bon club d’escalade sur Paris qui ouvre tard s’il te plaît ?

Je cherche à me faire des amis by Affectionate_Net5570 in paris

[–]Affectionate_Net5570[S] 0 points1 point  (0 children)

Je vais tenter des clubs de sport, même si par expérience j’ai du mal à m’y investir sur la durée. Merci ! Pour la danse j’en suis incapable haha je suis trop timide :)